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utility theory

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Journal Article
History of Political Economy (1998) 30 (3): 413–426.
Published: 01 September 1998
... . 1930 . Är gränsnytteläran onödig? [Is the marginal utility theory unnecessary?]. Ekonomisk Tidskrift 32 . 3 : 117 -22. Cassel , Gustav . 1902 . Der Ausgangspunkt der theoretischen Ökonomie. Zeitschrift für die gesammte Staatswissenschaft 58 . 4 : 668 -98. Cassel , Gustav...
Journal Article
History of Political Economy (2013) 45 (3): 373–414.
Published: 01 September 2013
...Ivan Moscati This article argues that the canonical dichotomy between cardinal utility and ordinal utility is inadequate to tell an accurate history of utility theory, and that a third form of utility consistent with the so-called classical understanding of measurement should be added...
Journal Article
History of Political Economy (2001) 33 (3): 437–458.
Published: 01 September 2001
..., L. 1975 . Introduction to Max Weber,“Marginal Utility Theory and `the Fundamental Law of Psychophysics,'” by Max Weber. Social Science Quarterly 56 : 21 -24. Schumpeter, J. 1956 . Ten Great Economists . London: Allen and Unwin. ____. 1991 . The Economics and Sociology of Capitalism...
Journal Article
History of Political Economy (1972) 4 (2): 571–586.
Published: 01 June 1972
...George J. Stigler Copyright © 1972 by Duke University Press 1972 GEORGE J. STIGLER is Charles R. Walgreen Distinguished Professor of American Institutions at the University of Chicago. The Adoption of the Marginal Utility Theory...
Journal Article
History of Political Economy (1973) 5 (2): 317–338.
Published: 01 June 1973
...Laurence S. Moss Copyright © 1973 by Duke University Press 1973 Isaac Butt and the Early Development of the Marginal Utility Theory of Imputation Laurence S...
Journal Article
History of Political Economy (1989) 21 (2): 351–365.
Published: 01 June 1989
...Jack High; Howard Bloch History of Political Economy 21:2 0 1989 by Duke University Press CCC 00 18-2702/89/$1.50 On the history of ordinal utility theory: 1900-1932 Jack High...
Journal Article
History of Political Economy (2001) 33 (3): 541–576.
Published: 01 September 2001
... . The Foundations of a Mathematical Theory of Exchange. Economica 12 : 197 -226. Allen, R.G. D. 1933 . On the Marginal Utility of Money and Its Applications. Economica 13 : 186 -209. ____. 1934a . A Comparison between Different Definitions of Complementary and Competitive Goods. Econometrica 2 : 168...
Journal Article
History of Political Economy (2020) 52 (5): 863–894.
Published: 01 October 2020
.... We argue that Malinvaud’s (and Koopmans’s) contributions were crucial to steer the activity analysis literature toward a utilitarian analysis of growth paths. Utility Matters: Edmond Malinvaud and Growth Theory in the 1950s and 1960s Matheus Assaf and Pedro Garcia Duarte A flood tide...
Journal Article
History of Political Economy (2008) 40 (4): 613–632.
Published: 01 November 2008
...Marco Dardi This article argues that Marshall's theory of market choice was originally elaborated within the classic framework of the use value/exchangeable value dichotomy, with reference to a version of utilitarianism that did not assume measurable utility. The key concepts were those of marginal...
Journal Article
History of Political Economy (2016) 48 (suppl_1): 239–269.
Published: 01 December 2016
...Ivan Moscati The article studies the origin, content, and impact of two experiments to measure the utility of money, one by Frederick Mosteller and Philip Nogee in 1948–49 and one by Donald Davidson, Patrick Suppes, and Sidney Siegel in 1954. Both experiments relied on expected utility theory (EUT...
Journal Article
History of Political Economy (2012) 44 (1): 113–155.
Published: 01 March 2012
...Jean-Sébastien Lenfant The development of ordinalism was fostered by the idea of dispensing with external psychological arguments in utility theory and building the whole theory of the consumer upon indifference curves (and maps). Yet the pioneers of ordinalism, Fisher and Pareto, did not make...
Journal Article
History of Political Economy (2016) 48 (1): 35–64.
Published: 01 March 2016
... be criticized for these contradictions because they intended to explain the behavior of their isolated individuals, whereas modern neoclassicals only seek to describe the decisions of Robinson Crusoe in terms of modern choice theory. This contrast mirrors the change in the way utility theory is conceived...
Journal Article
History of Political Economy (2012) 44 (4): 643–661.
Published: 01 November 2012
... curve and could have been copied straight from utility theory. Correspondence may be addressed to Peter Lloyd, Department of Economics, University of Melbourne, Parkville, Vic. 31010, Australia; e-mail: pjlloyd@unimelb.edu.au . I wish to acknowledge the many helpful comments and suggestions...
Journal Article
History of Political Economy (2014) 46 (4): 677–693.
Published: 01 November 2014
... Utility with Revealed Preference: Experimental Arguments Based on Prospect Theory. ” Journal of Econometrics 138 ( 1 ): 356 – 78 . Alt Franz . 1936 . “ Über die Messbarkeit des Nutzens. ” Zeitschrift für Nationalökonomie 7 : 161 – 69 . ———. 1937 . “ On the Measurability of Utility...
Journal Article
History of Political Economy (2016) 48 (suppl_1): 16–43.
Published: 01 December 2016
... of utility. Contemporary critics of rational choice theory take this naturalized image of the economic agent as its bogeyman, ignoring the social infrastructure that brought this agent, thinking as a merchant, into existence. The idea that we calculate captures a sociohistorical reality, rather than...
Journal Article
History of Political Economy (2016) 48 (suppl_1): 71–169.
Published: 01 December 2016
... McDougall, William James, Thorstein Veblen, and Rexford Tugwell. Vigorous controversies took place over instinct theory, marginal utility, and behaviorism. Attention to the confluence of the two disciplines was stimulated by concerns over human relations during World War I, the success of propaganda...
Journal Article
History of Political Economy (1993) 25 (3): 499–514.
Published: 01 September 1993
... of Demand Theory . Oxford: Clarendon. Hicks , John , and R. G. D. Allen. 1934 . A Reconsideration of the Theory of Value. Economica 1 ( February ): 52 -76 and 1 (May): 196–219. Houthakker , Hendrik . 1950 . Revealed Preference and the Utility Function. Economica 17 ( May ): 159 -74...
Journal Article
History of Political Economy (2019) 51 (5): 974–976.
Published: 01 October 2019
... instruments. Nothing has illustrated this fact more than the treatment of utility theory within and beyond microeconomic theory. Critics write off utility theory with off-hand remarks about interpersonal comparisons and non-additive units, while economists suppose that revealed prefer- ence avoids...
Journal Article
History of Political Economy (2014) 46 (1): 85–116.
Published: 01 March 2014
... . Economica , n.s. , 1 : 52-76, 196-219 . Houthakker Hendrik S. 1950 . “ Revealed Preference and the Utility Function .” Economica , n.s. , 17 : 159 – 74 . ———. 1983 . “ On Consumption Theory .” In Paul Samuelson and Modern Economic Theory , edited by Brown E. C. Solow R. M...
Journal Article
History of Political Economy (2021) 53 (2): 367–369.
Published: 01 April 2021
... solution is based on two assump- tions. First, the hypothesis that individuals evaluate bets by taking into account the average of the utilities of the monetary payoffs of the bets. This hypothesis was later called expected utility theory. Second, Bernoulli assumed that the marginal utility of money...